GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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11:00 May 15, 2007 |
Spanish to English translations [PRO] Bus/Financial - Insurance / Pólizas | |||||
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| Selected response from: Neil Crockford Local time: 04:24 | ||||
Grading comment
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Summary of answers provided | ||||
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5 +4 | claims made basis |
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claims made basis Explanation: In other words, the policy covers claims made during teh period of validity of the policy, even though the event giving rise to the claim may have occurred before the policy was effected. Equally, it will not cover claims made after after its expiry, even though the event giving rise to the claim may have occurred during the validity of the policy. |
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Grading comment
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